Binance Employee Implicated in Insider Trading of uDEX Project: 18 Million UUU Coins Associated with Insider Trading to be Burned

Blockbeats
03-27

BlockBeats News, March 27th. According to official sources, uDEX has announced that it has been coordinating with various stakeholders recently and has reached an agreement on the following actions: it has taken a series of measures to enhance transparency and stability, including locking the developer wallet for 2 years, using 149 million UUU for community airdrops and liquidity management, burning 5 billion UUU and sending it to a black hole, and destroying 18 million UUU through Binance to clear insider trading. These actions are aimed at removing uncertainty and driving the project forward.

Previously, uDex officially deployed the UUU token on the Four.Meme platform. An employee of a Binance Wallet profited $113,600 through trading the Meme coin UUU. Binance reported that the employee has been suspended and will be held legally responsible.

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